*Disclaimer: All our blogs are resourced from another website, which Union Traders Society provided these only for reference purpose. Therefore, readers run the risk of taking something out of context.
- November 8, 2022
- Technical Analysis
EUR/USD IG Client Sentiment: Our data shows traders are now net-short EUR/USD for the first time since Oct 27, 2022 when EUR/USD traded near 1.00.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger EUR/USD-bu...
- November 7, 2022
- Technical Analysis
S&P 500, Nasdaq, Dow Jones Price Action Setups
Equities bounced on Friday even after a strong push from bears after FOMC. This week sees CPI come back in focus – can bulls push for another bear m...
- November 7, 2022
- Market News
Euro Brewing a Further Decline
The EU economy has proven to deliver a growth of 0.2% Q/Q in Q3. Although this looks somewhat optimistic but the small growth in Q3 still paints the s...
- November 7, 2022
- Technical Analysis
USD/CAD Technical Outlook is Bearish Based on Chart Formation
USD/CAD took a big hit on Friday, and with that it is testing important support; outlook is generally bearish, but may be bumpy ride lower....
- November 7, 2022
- Market News
US Dollar Price Analysis – A Weaker USD Allows Risk Markets Room to Edge Higher
The US dollar has opened the week on the back foot, extending Friday’s heavy sell-off. Fed speak and the latest look at US inflation are the main pr...
- November 7, 2022
- Market News
EUR/USD Bounces of 50-SMA, Sustained Break Above Parity May Remain Elusive
The pair has returned to parity buoyed by continued dollar weakness. Have we already seen the YTD low?...
- November 7, 2022
- Market News
Currency Carry Trade: What is it and how does it work?
Learn how to calculate and implement currency carry trades in your forex trading strategy....
- November 7, 2022
- Market News
GBP/USD Price Outlook: Cable Climbs as Post NFP Dollar Decline Continues
GBP/USD trades higher after the dollar selloff but dismal GDP forecasts for Q3 and an aggressive Fed suggests the counter-trend move may be short-live...
- November 7, 2022
- Market News
Forex Trading: What is Forex? FX Trading Explained
Forex trading is short for foreign exchange, often called ‘FX’ and focuses on the exchange of one currency for another....